Central Banking

Bank of Namibia replaces ‘ageing’ banknotes one year after issuance


New banknotes issued by the Bank of Namibia in 2012 were found to be "ageing faster than expected" last year – prompting the central bank to make "technical improvements" and re-issue them.

The Bank of Namibia issued a new series of banknotes, with new security features. However the lowest denomination notes – N$10 and N$20 – began ageing just one year after they were issued.

Moreover, one of the main security features, a diamond shape containing optical variation ink, was beginning to fragment

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